ANZ Tower Penthouse Sells For Record Price
After three-years on the market, the luxurious residence changes hands.
By Terry Christodoulou
Thu, Jun 3, 2021 3:07pm
< 1 min
< 1 min
Ian Malouf, founder of Dial-a-Dump, has purchased the ANZ Tower penthouse owned by property developer John Boyd for a record $60 million.
The sale of the impressive apartment sets a national record for a single, built apartment.
Mr Malouf, who sold Dial-a-Dump in 2018 to Bingo Industries, bought the penthouse on Saturday night.
ANZ Tower “sky mansion” was initially listed in 2018, with a price guide of $60m – $66m with Bill Malouf of LJ hooker Double Bay and Christie’s Ken Jacobs. The sale is currently the most expensive residential sale in the country this year.
ANZ Tower was complete in 2013, with the home of Mr Boyd and his wife not yet finalised until 2015. Inside sees interiors by Blainey North spread across the 2000sqm abode.
The penthouse is accessed by an express lift from a private car park. The vast floor plan includes a conference room, club-like study, gym, cigar room, and unbelievable rooftop complete with swimming pool, two terraces and a cabana lounge.
Despite the penthouse’s record price, construction is underway of James Packer’s $60m two-storey apartment in Crown Residences at Barangaroo alongside a $140m consolidation of the top three floors of Lendlease’s neighbouring One Sydney Harbour Tower 1 development.
MOST POPULAR
The Australian leather house has opened an immersive four-day pop-up in Manhattan, unveiling its Bloom Collection and redefining what a product launch can look like.
Following the successful launch of its Palais Collection, MAISON de SABRÉ has unveiled a new modular handbag system offering more than 720 styling combinations.
Related Stories
A five-bedroom Palo Alto home designed by Steven Ehrlich is listed for $44 million, making it the city’s most expensive listing. Built around a dramatic concrete spine, the home features four courtyards and a pool.
By E.B. Solomont
Thu, Sep 24, 2026 3 min
3 min
For years, tech entrepreneur Asher Waldfogel and his wife, Helyn MacLean, dreamed of building a modern house in Palo Alto, Calif.
The couple, however, worried about clashing with the Mediterranean-style architecture typically associated with their neighborhood of Old Palo Alto.
So they tapped architect Steven Ehrlich to create a design that paid homage to its surroundings with stucco, mahogany and titanium zinc cladding. They spent $20 million over several years building the house, completed in 2005.
Now looking to be closer to their adult daughter on the East Coast, they are putting the five-bedroom home on the market for $44 million—the most expensive listing in Palo Alto.
Waldfogel is an angel investor who co-founded Redback Networks, a telecommunications-equipment company. MacLean previously had a career in fundraising.
The couple purchased the roughly 0.4-acre site for $7.1 million in 2000 and demolished a circa-1930s Spanish Colonial home. The house they built pinwheels around a central staircase. It has 7,900 square feet of livable space, with four distinct courtyards and a pool.
A key feature of the home is a cast-in-place concrete wall, or spine, that is two stories high and about 80 feet long. “There’s a little bit of controlled chaos in what comes out of the form,” unlike a perfectly uniform surface, Waldfogel said. “If you want that, you do it in plastic.”
Waldfogel said he and his wife are thinking about the next phase of life now that their daughter is grown, although they have not decided where they will move. They also have a home in Sun Valley, Idaho.
“Right now we’re just trying to emotionally let go and decide what to do next,” he said.
Palo Alto, an epicenter of venture capital and tech startups in Silicon Valley, is home to some of the country’s biggest tech titans. Sales volume and prices are rising, with a median sale price of $3.5 million for the three months ending in August, up 5.8% year-over-year, according to real-estate brokerage Redfin.
Arthur Sharif of Sotheby’s International Realty—San Francisco Brokerage has the listing.
